SCHEDULES
C1SCHEDULE 15 Application of Companies Winding Up Legislation to Building Societies
Part II Modified Application of Insolvency Act 1986
Parts IV F3, F46, 7, 12 and 13F4and Schedule 10
Words in Sch. 15 Pt. II heading substituted (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 2(3)(b)
Words in Sch. 15 Pt. II heading inserted (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 2(2)(a)
Penal provisions
30
Sections 216 and 217 of the Act (restriction on re-use of name) do not apply.
31
1
Sections 218 and 219 (prosecution of delinquent officers) of the Act do not apply in relation to offences committed by members of a building society acting in that capacity.
2
Sections 218(5) of the Act and subsections (1) and (2) of section 219 of the Act do not apply.
3
The references in subsections (3) and (4) of section 219 of the Act to the Secretary of State shall have effect as references to the F1FCA ; and the reference in subsection (3) to subsection 218 of the Act shall have effect as a reference to that section as supplemented by paragraph 32 below.
32
1
Where a report is made to the prosecuting authority (within the meaning of section 218) under section 218(4) of the Act, in relation to an officer of a building society, he may, if he thinks fit, refer the matter to the F2FCA for further enquiry.
2
On such a reference to it the F2FCA shall exercise its power under section 55(1) of this Act to appoint one or more investigators to investigate and report on the matter.
3
An answer given by a person to a question put to him in exercise of the powers conferred by section 55 on a person so appointed may be used in evidence against the person giving it.
Sch. 15 applied (with modifications) (7.4.2010) by The Building Societies (Financial Assistance) Order 2010 (S.I. 2010/1188), arts. 1(2), 9